MultiversX stands as a blockchain protocol offering genuine horizontal scalability through the utilization of various sharding techniques (Network, Transaction & State). Positioned as a technology ecosystem for the emerging internet, MultiversX encompasses decentralized finance, real-world assets, and the Metaverse. Notably, its smart contracts execution platform boasts impressive capabilities, purportedly achieving up to 100,000 transactions per second, with a latency of 6 seconds and a transaction cost of $0.002. The governance and security of MultiversX are facilitated through the use of the EGLD token, also known as Electronic Gold. Serving as MultiversX's native token, EGLD functions as a store of value currency for network usage payments. Additionally, it facilitates exchange transactions between platform users and validators, as users pay transaction fees in EGLD while validators engage in the consensus process. EGLD enables developers to deploy smart contracts, protocols, and decentralized applications (dApps) on the platform, granting participants the ability to execute various network actions. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Moreover, EGLD possesses governance token functionalities, enabling its holders to participate in voting on network decisions.